Uniform Commercial Code
The United States has a somewhat unique national structure in the context of the rest of the world. It is comprised of many different, functionally independent states that have the authority to enact their own laws on a variety of matters. For a long time the confusions brought about by differences between federal and state regulations had the potential to greatly complicate business transactions at all steps of the production and sales process. To simplify the matter, the Uniform Commercial Code (UCC) was created to govern the conduct of business throughout all 50 states.
If revisions to the Uniform Commercial Code are unclear to you and you want to be certain that you understand how they may affect your company, we recommend that you speak with an experienced attorney. Contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600 to take that important first step to ensure compliance.
Some General Provisions of the UCC
As one would expect from a massive code intended to cover the majority of trade throughout the United States, Article 1 of the UCC attempts to address some of the broader issues and concerns before delving into specifics in the later portions of the code. Some of the most notable general provisions establish the following:
- The parties involved in a transaction can decide which relevant state’s laws they will use to resolve a dispute
- The remedies afforded by the Act are to be made available to all parties who have a legitimate grievance
- A party taking action can withdraw its claim with a written and signed statement to that effect
- Any judicial finding that renders part of the UCC invalid shall only restrict the application of that portion
Choosing the appropriate state in which to file your claim can be a complex matter. Let us help you make the right decision. Contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.